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we only have less than a month before the so-called fiscal cliff and house speaker boehner said congressional republicans are "nowhere in talks with the white house." they are trying. good morning. i'm jamie colby. great to have you here. welcome to america's news headquarters. >> eric: i'm eric shawn. good morning. in an exclusive interview with "fox news sunday," speaker boehner says negotiations are at a standstill. this is as treasury secretary tim geithner says the president is ready for what he calls difficult concessions. mr. boehner says he was flabbergasted at the white house stance on what they say needs to be done. peter doocy has details this morning on the latest developments from washington. good morning, peter. >> good morning, eric. spieger boehner said negotiations are nowhere, period and he called treasury secretary tim geithner's presentation of the white house proposal to avoid the fiscal cliff earlier in week "nonserious." >> i was flabbergasted. i lookedded a him like you can't be serious. i've just never seen anything like it. you know we have seven weeks between electi
we only have less than a month before the so-called fiscal cliff and house speaker boehner said congressional republicans are "nowhere in talks with the white house." they are trying. good morning. i'm jamie colby. great to have you here. welcome to america's news headquarters. >> eric: i'm eric shawn. good morning. in an exclusive interview with "fox news sunday," speaker boehner says negotiations are at a standstill. this is as treasury secretary tim geithner says...
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fiscal cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. >> the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had stimulus spending in here that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. >> reporter: secretary geithner says the white house $4 trillion plan has 2 to 1 ratio of cuts to spending increases. but everything we heard from speaker boehner suggests the $1.6 trillion in new revenue the white house wants is too much. especia
fiscal cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what...
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Dec 5, 2012
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because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they say the mast won't work. >>> it is still out of balance. it is 800 million worth of revenues. he said he is going to do that by lowering rates. when you look at the map it doesn't work. >> the house majority with kevin mccarthy said yesterday the speaker moved to the middle by putting revenue on the table. jay carney also said the boehner plan is quote pagic beans and fair redust. >>> peter doocy, live in washington. thank you. >>> chaos in cairo. egyptian president mohammed morsi returning to the presidential palace overnight. he left amid clashes between police and 100,000 protestors. look at that. they ar
because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they...
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jenna: with the united states heading towards that fiscal cliff house republicans are now offering up a plan of their own to avert that combination of spending cuts and tax hikes. it's set to welcome us all on january 1st if they don't have an agreement. i'm jenna lee. jon: some kind of welcome that would be. i'm jon scott. within hours of seeing the proposal the white house slammed the g.o.p. offer saying quote their plan provides nothing new and provides no details on what deductions they'll limb nature, loopholes they will close or which medicare savings they would achieve. house speaker john boehner inc insists his offer is the best one on the table calling it a credible plan that deserves serious consideration by the white house. jenna: mike emanuel is with us. certainly a challenge to find this ideal plan. what is holding it up. >> reporter: the chairman of the senate budget committee wants a large come proceed hence i have deal in the range of $5 trillion and says a grand bargain can get done if everybody kaoels cool and doesn't overreact to every valley over the net. he this i
jenna: with the united states heading towards that fiscal cliff house republicans are now offering up a plan of their own to avert that combination of spending cuts and tax hikes. it's set to welcome us all on january 1st if they don't have an agreement. i'm jenna lee. jon: some kind of welcome that would be. i'm jon scott. within hours of seeing the proposal the white house slammed the g.o.p. offer saying quote their plan provides nothing new and provides no details on what deductions they'll...
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fiscal cliff is serious one. negotiations here are nowhere. another republican, senator lindsey graham thinks he thinks things are heading down hill. >> i think we are going over the cliff. it's clear to me they made a political calculation. the offer doesn't deal with the entitlement reform to save the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> reporter: treasuresy secretary tim geithner advocated for clinton era tax rates and wants top earns to pay 39.6%. he said when that was the rate in the '90s there was was good economic growth and strong private investment. said republicans would rather raise revenue closing the loophole and limiting deduction need the time to realize that might not bring in enough cash. >> that is a good set of propose is and good for the economy. if they have suggestions, they want to go further, lay it out to us. >> secretary geithner said he cannot promise we won't go off t
fiscal cliff is serious one. negotiations here are nowhere. another republican, senator lindsey graham thinks he thinks things are heading down hill. >> i think we are going over the cliff. it's clear to me they made a political calculation. the offer doesn't deal with the entitlement reform to save the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> reporter: treasuresy...
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plan to avoid the fiscal cliff. this is the opening play by the president. here is house speaker john boehner who says that weeks of talks have gone nowhere. melissa: two weeks ago we had very product testify conversation at the white house but based on where we stand today i would say two things. first, despite the claims that the president supports a, a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. bill: the speaker considers that just absolutely wasted time. kentucky democratic congressman john yarmouth out of louisville is a member of the house budget committee, sir, thank you for your time. i want to get your perspective on this. good morning to you. melissa: good morning, bill. bill: republicans are not happy. what would you say to your colleagues there? they're charging none of this addresses the problem and the problem they believe is not taxes,
plan to avoid the fiscal cliff. this is the opening play by the president. here is house speaker john boehner who says that weeks of talks have gone nowhere. melissa: two weeks ago we had very product testify conversation at the white house but based on where we stand today i would say two things. first, despite the claims that the president supports a, a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the...
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cliff a lot of investment houses are lowering their growth outlook. that is because the owners of small businesses, they are the drivers of the economy. they hire. right now, one out of five cut jobs in the next 12 months. one out of three is cutting capital spending. if there is no jobs we don't have consumer spending that is 70% of g.d.p., so this is really steam rolling. it is frightening. >> gregg: i was reading economists and they say household purchases, wages in salary going down, durable goods decreasing now we have manufacturing coming out on monday as well as jobs report on thursday or friday? >> yeah, the jobs report is expected to be very dismal, about 75,000 net jobs. some of that is because of sandy, but housing market is rebuilding, it's recovering. that makes people feel more wealthy. this retail season is going to be very critical. it's going to tell us a lot. stocks could go up on that. we have some tail winds but right now there is a lot of question marks. >> gregg: brenda, we'll talk about sandy and impact on the economy in the nex
cliff a lot of investment houses are lowering their growth outlook. that is because the owners of small businesses, they are the drivers of the economy. they hire. right now, one out of five cut jobs in the next 12 months. one out of three is cutting capital spending. if there is no jobs we don't have consumer spending that is 70% of g.d.p., so this is really steam rolling. it is frightening. >> gregg: i was reading economists and they say household purchases, wages in salary going down,...
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martha: the fiscal cliff, president obama and house speaker john boehner set to have a face-to-face meeting, one-on-one. we're waiting to hear from speaker boehner in just about 50 minutes away now. we'll bring you that live. bill: also, it has been 40 years, four full decades since the last man stepped on the moon. that was an american. his name is gene cernan. we'll talk to hem this hour. the last person to see the moon's craters up close and personal. >> ♪ i was stroeling on the moon one day, in a merry, merry of month of -- december. >> may, may. ♪ much to my surprise a pair of eyes, -- >> this is a neat way to travel. [ female announcer ] food, meet flavor. flavor, meet food. it's time for swanson flavor boost. concentrated broth in easy to use packets. mix it into skillet dishes, for an instant dose of... hell-o! [ female announcer ] get recipes at flavorboost.com. bill: we now have a verdict for a bus driver on trial for manslaughter. it will be revealed this morning although the verdict was reached yesterday because a juror had to leave the courthouse for a doctor's appointment.
martha: the fiscal cliff, president obama and house speaker john boehner set to have a face-to-face meeting, one-on-one. we're waiting to hear from speaker boehner in just about 50 minutes away now. we'll bring you that live. bill: also, it has been 40 years, four full decades since the last man stepped on the moon. that was an american. his name is gene cernan. we'll talk to hem this hour. the last person to see the moon's craters up close and personal. >> ♪ i was stroeling on the moon...
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cliff talks. all tomorrow on fox news sunday, check your local listings for the time and channel in your area. >> heather: wicked weather out west pounding parts of northern california for a second day in a row. the rain soaked area bracing for more stormy weather today. new warnings of potential mudslides and flash floods after yesterday's system washed out streets, brought down power lines, knocking out electricity to thousands. dominic is live for us with the latest. dominic? >> hi there. worst yet to come. this third storm coming through overnight tonight. no one really sure quite should have water it's going to drench the region with. we had two major storms come through that dumped so much, that we've seen flooding everywhere. first person reports coming in of probably being damaged, particularly down in fulsome where a park became flooded and the water gushed through people's homes. here is one of the residents affected by that. listen to what he saw. >> i don't have carpet. >> it clogged u
cliff talks. all tomorrow on fox news sunday, check your local listings for the time and channel in your area. >> heather: wicked weather out west pounding parts of northern california for a second day in a row. the rain soaked area bracing for more stormy weather today. new warnings of potential mudslides and flash floods after yesterday's system washed out streets, brought down power lines, knocking out electricity to thousands. dominic is live for us with the latest. dominic? >>...
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to go over the fiscal cliff. republicans are urging the republicans to stand against the tax increase. we are 30 days from going over the fiscal cliff . both sides are pointing fingers and blaming each one for the stalemate. but the real losers is you and me, the american taxpayer if the taxpayers can't come to a compromise. steve has more on the part of the grid lock. >> hi, uma. one month away from the critical deadline and there appears to be very little movement to a deal. the president is using the bully pulpit and appeal to the american people and pushing to extend the bush era tax cuts but those making $250,000. a year. democrats want high tax rates for the wealthy. the president stressed the urgency of the situation in the radio address. >> if congress does nothing. every family will see the income taxes go up in the beginning of next year. a family of four will see income taxes rise $2200. we can't let that happen. our families can't afford it and neither can our economy. >> but republicans say the presi
to go over the fiscal cliff. republicans are urging the republicans to stand against the tax increase. we are 30 days from going over the fiscal cliff . both sides are pointing fingers and blaming each one for the stalemate. but the real losers is you and me, the american taxpayer if the taxpayers can't come to a compromise. steve has more on the part of the grid lock. >> hi, uma. one month away from the critical deadline and there appears to be very little movement to a deal. the...
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treasury secretary's geithner's presentation of the white house's proposal to avoid the fiscal cliff falls in line with that. the headline is $1.6 trillion in new taxes multi-year stimulus package starting with at least $50 billion in 2013 alone and the white house also wants the ability to raise the debt limit permanently unless two-thirds of congress vote against it. something also attached, about $400 billion in spending cuts not enough for republicans. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. going over the fiscal cliff is serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> the white house says they are willing to do tough things to compromise, so now it's time for republicans in washington to ask the wealthiest americans to pay higher tax rates. >> asking for a political price be paid in order for congress to do its job to insure that the united states of america pays its bills and does not default for the first time in its history is deeply irres
treasury secretary's geithner's presentation of the white house's proposal to avoid the fiscal cliff falls in line with that. the headline is $1.6 trillion in new taxes multi-year stimulus package starting with at least $50 billion in 2013 alone and the white house also wants the ability to raise the debt limit permanently unless two-thirds of congress vote against it. something also attached, about $400 billion in spending cuts not enough for republicans. >> i'm disappointed in where we...
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that's the quote today from speaker of the house john boehner about the battle over the so-called fiscal cliff. that's the combination, of course, of spending cuts and exexpiring tax breaks set to kick in about a month from now. economists say it could cause another recession. today, the president visited a toy factory in pennsylvania to make his case for his plan. he is asking americans to pressure congress to extend tax cuts for the middle class right now. in fact, extend tax cuts for everybody for the first $250,000 of income. so the families won't have to worry about a new year's day tax hike. republic leaders say letting the tax cuts expire on income of more than $250,000 would hurt small businesses and, as they call them. job creators. let's get to ed henry who is with us from the white house tonight. president says the election proved most americans are on board with this plan. >> that's right. he, without using the word thinks he he basically has a mandate. even though the election is over, he is out campaigning for this again because he thinks there is a dead lock here in washin
that's the quote today from speaker of the house john boehner about the battle over the so-called fiscal cliff. that's the combination, of course, of spending cuts and exexpiring tax breaks set to kick in about a month from now. economists say it could cause another recession. today, the president visited a toy factory in pennsylvania to make his case for his plan. he is asking americans to pressure congress to extend tax cuts for the middle class right now. in fact, extend tax cuts for...
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tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that tells him what to do. year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is on top of other rewards and discounts i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. now is a good time to think ab
tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that...
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going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> now, the white house thinks republicans have overdone the outrage today. they say the real problem republicans have is they don't want to raise taxes on the rich. so basically we are still deadlocked tonight, shep. >> shepard: vice president biden did his part for the economy today. he went shopping? >> yeah a new cosco here in washington, d.c. opened up today. big crowd in the parking lot. vice president's motorcade showed up. he actually bought a big screen tv as well as a apple pie. what could be more american than that. he went on to is a say he is feeling good and optimistic about a deal. take a listen. >> i am. i am. all these folks in this store, man, going to make a difference. >> more important than shopping trip will be what actually happens between the president and speaker boehner. we're told they had a phone call last night. initial report suggested it was tense. white house saying they made some progress. we
going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> now, the white house thinks republicans have overdone the outrage today. they say the real problem republicans have is they don't want to raise taxes on the rich. so basically we are still deadlocked tonight, shep. >> shepard: vice president biden did his part for the economy today. he went shopping? >> yeah a new cosco...
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is our plunge off the fiscal cliff inevitable? >> and secretary of state stiewfn rice, the ambassador still getting a ton of support from the white house but benghazi may not be the only blemish on her record. >> and baby jesus benched and now frosty the snowman starring in school's nativity scene? why do atheist have more rights when it comes to the constitution? "fox & friends" hour two starts right now. >> sparkles all over. >> you guys looked very pretty in your sweater? >> dapper? >> pretty. >> send us your ugly christmas sweater photos this morning. friends at foxandfriends.com. >> did you guys plan this? >> no. >> we are wearing the exact same tie. >> we didn't plan. this didn't call each other ahead of time like ladies do. >> it's reichmuth's fault. he actually picked mine out. let's talk about the fiscal cliff which we appear to be speeding towards every day because there is nothing that even resembles a compromise on capitol hill. the president offered up his proposal this week and it was met with. [ laughter ] by some r
is our plunge off the fiscal cliff inevitable? >> and secretary of state stiewfn rice, the ambassador still getting a ton of support from the white house but benghazi may not be the only blemish on her record. >> and baby jesus benched and now frosty the snowman starring in school's nativity scene? why do atheist have more rights when it comes to the constitution? "fox & friends" hour two starts right now. >> sparkles all over. >> you guys looked very...
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confident the country is not going to go off the fiscal cliff, yesterday budget expert erskine bowles, he wrote part of bowles-simpson two years ago, didn't seem so sure as he and a group of ceo's met with house republicans. what went on inside the meetings? >> steve: the president and ceo of airlines for america attended the discussions. so i know that they don't want to you spill all the beans, but basically you can tell us the tenor of the meetings? >> the tenor was very good. group of ceo's have come together to try to provide cover to members who will vote for solution that includes a balanced approach to deficit reduction over the long-term. >> steve: you mean when you say cover and balanced approach, you're talking about republican members who might vote to increase taxes? >> republican and democratic members both. not to increase taxes. well, there will be more revenues on the table, there is no question about it. but there are two other legs to the stool that are key to getting any deal because they won't pass the house and the senate in the end unless you get structural enti
confident the country is not going to go off the fiscal cliff, yesterday budget expert erskine bowles, he wrote part of bowles-simpson two years ago, didn't seem so sure as he and a group of ceo's met with house republicans. what went on inside the meetings? >> steve: the president and ceo of airlines for america attended the discussions. so i know that they don't want to you spill all the beans, but basically you can tell us the tenor of the meetings? >> the tenor was very good....